Cap n Trade bill


Glenn Beck’s Common Sense

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GLENN: So one big question that I have been getting lately is who’s benefitting from this cap and trade bill that the House is probably going to pass tonight. House speaker Nancy Pelosi and her husband have invested between $50,000 and $100,000 in T. Boone Pickens clean energy fuels legislation which could benefit from the legislation. California Democrat favors to boost the use of natural gas. Nancy Pelosi says, well, that was my husband’s investment; I don’t know anything about it. Uh huh, uh huh. Let’s see. Who else is benefitting here? Whoa. Representative Edward Markey from Massachusetts. Stu, what’s the name of this bill?

STU: Waxman Markey.

GLENN: Markey. He’s one of the lead authors of the bill, favor alternative energy sources, investments between 100 I’m sorry, between $51,000 and $115,000 in the Firsthand Technology Value Fund at the end of last year. Three of the top 10 holdings in the Ohio fund are solar energy manufacturers. Representative Joe Barton, ranking Republican on the House Energy and Commerce committee was paid between $2500 and $5,000 from Carrizo Oil and Gas for oil exploration on his property in 2008. I don’t think that’s really no, I don’t think that counts. 2008 he also sold shares in Reliant Energy, a Houston power plant operator, and bought stocks in EOG Resources which calls itself one of the largest independent oil and gas companies in the U.S. Mr. Barton is a strong advocate for the oil industry as opposed to limits on emissions of so called greenhouse gases that Mr. Markey has advocated. So he’s a big loser in this. Jeff Duncan, spokesperson for Mr. Markey, said the congressman has a diverse portfolio of mutual funds and doesn’t exercise any individual discretion over fund investments. Uh huh. Top members of the Senate Energy and Natural Resource committee which is handling the legislation in that chamber also held stakes. Jeff Bingaman, Democrat from New Mexico, $22,000 invested in energy companies. As of December 31st, Mr. Bingaman under his wife’s name held between $15,000 and $50,000 in Energy Future Holdings Corp. That is a Dallas energy holding fund with former Secretary of State James Baker. 2008 the senator bought and sold between $2,000 and $30,000 in coal holding companies, Arch Coal, Inc. in Tulsa, Oklahoma. And also in another energy company.

There are people that have made all kinds of deals. There are people that are going to be directly profiting from this cap and trade. If you look at the legislation without the 300 page amendment that, was it Waxman that put that in today? The 300 page amendment that went in last night that nobody’s read yet. If you look at the legislation that people have read, there is only one real loser and that is the consumer. You are the only one without a special interest group, and they believe they can continue to railroad you over and over and over again. I don’t think it’s enough to call your congressman and just say, "Hey, I respectfully, you know, would like to know how they’re voting." I don’t think it’s enough just to call they will and say, "Hey, I’m against it. Just let them know." I think you need to tell them you will actively campaign against them if they vote for it or they don’t vote. However, if they don’t stand against it, you will actively campaign against them. Make a commitment to yourself today that anyone who is for more federal power and control and a minimum tax of $140 per year each family, a minimum, that’s their estimates. When’s the last time congress was right about an estimate on the low side? A maximum of, I think it’s $3500 per family. We don’t know what this is going to cost. We just know it’s going to cost an awful lot of money because it’s going to affect absolutely everything.

Let me give you a can we play the audio from WRVA? If we have the audio from WRVA, this is the governor of Virginia on the phone either doing a, you know, Ask the Governor kind of thing, and he’s on and they are talking about cap and trade and they’ve got a guy who is for cap and trade in the audience on the phone. Listen to this exchange.

CALLER: This is Joe.

GOVERNOR: Hey, Joe.

CALLER: Oh, sorry, I’m a little nervous. Governor, thank you for your work (inaudible). I think you are doing a good job and appreciate your support for cap and trade and universal healthcare.

GOVERNOR: Absolutely, Joe.

CALLER: My question is if federal government fails, will you please try to implement a version of cap and trade and universal healthcare in Virginia? Will you do that? Can you do that for us?

GOVERNOR: Well, Joe, yeah. Let me take them both.

VOICE: Conservatives by the way, at this point fasten your seat belts. Go ahead.

GOVERNOR: It would be difficult for me to do universal cap and trade as governor if the feds don’t do it. I do think we’ve got to have a cap and trade or equivalent system to start to control carbon emissions, and we have to do it in a way that, you know, deals with our environmental challenges, doesn’t overly cripple industry but that also is a strong enough leadership step so that there’s a meeting of world nations at Copenhagen in December. We really need India and China to do it, too. You know, we don’t want to do it they need to do it because they are such growing economies.

CALLER: Well, they won’t do it period but that said.

GOVERNOR: I think they will. There are some things that China’s doing that’s ahead of us right now. But they are growing economies at a pace where they have their own challenges. But if we do not walk into Copenhagen in a leadership position, they are going to not do anything, either. So I think we do need to move. But a cap and trade program just in one state frankly I do not think is that workable.

CALLER: Well, let’s say for the sake of argument Virginia were the only state to do something like that. We wouldn’t become the most business friendly state anymore. There would be manufacturing in particular, they wouldn’t be looking at Virginia, would they?

GOVERNOR: Right. This is something that is much better done either on a very huge regional basis or a national basis. That doesn’t mean that

(END AUDIO CLIP)

GLENN: Okay, stop looking at our country as anything but what are they trying to do? We are in a global economy, right? That’s all they are going to say: We’re in a global economy. Then our country is like a state, and the world is like our country. You can’t do this! If you think that China is going to do this because we’re leading, they are going to laugh at us! No, actually they are going to be pissed at us because we’re not going to be able to afford our debt! You think India? They don’t want to have you seen the river over there? I mean, it’s like sacred. No, it’s not. It’s full of poop and stuff. I mean, nobody wants do you think they want to live like that? No! Men want to pull themselves out of the muck and if they can do it, they will do it. They are not going to go in cap and trade. It’s suicide. If doing it in just Virginia makes it so unfriendly to business, then why would we be doing it in the U.S.? I mean, doesn’t that make the U.S. unfriendly in business? Yes! Yes. Yes. Yes.

And these people know it. They are either the dumbest people to ever walk the face of the Earth, which I think some of them are; they are just greedy and just want their own power and their own control, which I think some of them have; or they believe in a different system other than the republic, which I think some of them do. They have exposed themselves as incompetent, they have exposed themselves as wicked, they have exposed themselves quite honestly I think as treasonous. I think some of them are treasonous. They have exposed themselves.

Now, the question is are there enough people in America still that believes in liberty and freedom and the Constitution. We are giving them the kind of power. This is the only power that FDR really wanted. He wanted control of the interstate commerce clause. He needed that control. If he had that control, he could get into every aspect of your life. So he controlled everything. The government can expand. This is the rest of it. Once they have cap and trade and God forbid they have healthcare it’s done.

Remember I told you two years ago they’re going to nationalize our industries, they are going to nationalize they are first going to nationalize our banking systems. They are going to take our financial systems and then they are going to nationalize industry and then they are going to nationalize energy. Well, gee, gang, we’re already the first one is technicalities. No. Does the government, have they nationalized the banks? No. Do they control them? Absolutely they do. Are they the major shareholders? Absolutely they are. Have they nationalized General Motors and Chrysler? No. Do they absolutely control them? Yes. Energy is next. Then healthcare. And it’s all about the apparatus. They are actually, they actually have the audacity to say that all of this tax money is going to go back to you. Excuse me? All of the tax money is going to come back to us? When has that ever been done in Washington? If you could give me one example, I’d love to see it. Meanwhile, the rest of the world is running from cap and trade. The rest of the world is running from socialism. And we’re running right towards it.

Tonight on television at 5:00 I’m going to talk about Chris Dodd. You know this whole scandal of Countrywide and sweetheart deals? Well, they’ve been investigating Chris Dodd now for a year, we’ve been waiting for the report to come out. We found out earlier this week that Bank of America says that they haven’t released any of his documents because no one from congress has asked them for the documents and issued a subpoena. How can you investigate someone when you don’t even have the original documents? Why hasn’t a subpoena been issued? Well, we did our investigation. We found. Because the ranking Democrat has to issue it. He doesn’t want to issue it because he’s afraid what it will lead to. Well, isn’t that the point? What will it lead to?

Then you have the you have John Conyers. He won’t investigate ACORN. He’s the head of the judiciary. He won’t issue an investigation, ask for an investigation on ACORN. He said yesterday in a press conference that the powers that be told him to back off. Well, about an hour later when the press did a bit of their job and said who are the powers that be that told them to back off ACORN, they said, well, that would be John. What, is he Bob Dole all of a sudden? Bob Dole told Bob Dole to back off. John Conyers told John Conyers to back off. Maybe he’s insane, which I’m willing to give him the benefit of the doubt. Either that or something else is going on. Who are the powers that be that decided against ACORN? There is corruption at the highest levels in our government and it has been there for a while, a very long while. I believe we are playing the end game. I think we are seeing what has been planted, the seeds that have been planted a long, long time ago.

You know the AmeriCorps IG Walpin that we had on? There’s more on this story. It’s not just the IG of AmeriCorps. There are others that now have been fired. We have the inspector general of Amtrak. We have the inspector general for the International Trade Commission. And when you see the links and we’re going to spend some time on this tonight. When you see the links of these people, what they were investigating, you can’t help but ask, we are in Chicago style government. They are taking all of the investigators out. The investigator general for TARP, he was told he now works for the treasury department. So wait a minute. The investigator general has to answer to the head of the treasury and he is supposed to look over how the treasury is doing it? Boy, that sounds independent. There’s bad corruption, and we’ll show it to you tonight at 5:00 on the Fox News Channel. Your phone calls right around the corner, 888 727 BECK. 888 727 BECK.